Eliot Spitzer: The Fed Is a Ponzi Scheme

Sunday, July 26, 2009

Do not miss out on this MSNBC video! Former New York Governor Eliot Spitzer says the Fed is a Ponzi scheme and the guys in the studio depict the fatal flaw of the Fed's strategy. Using cheques and a garbage bag, finance can become easily understood. Enjoy the full 8:38 minutes.


It certainly is only a coincidence that Spitzer was pressured to step down at the time he had become a persistent nuisance for all those banks that had overleveraged.
Spitzer was exposed for using an escort service and resigned from his governor's post on March 17, 2008. Justice must have become heavily imbalanced in the USA when the former White House occupators under George W. Bush get away with torture and several hundred thousand civilians killed in far-off places in the name of petro-theism.

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